Jefferies Downgrades Cooper-Standard Holdings Inc. (CPS) to Hold

October 19, 2016 6:51 AM EDT
Get Alerts CPS Hot Sheet
Price: $105.71 --0%

Rating Summary:
    2 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 2
Trade CPS Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies downgraded Cooper-Standard Holdings Inc. (NYSE: CPS) from Buy to Hold and maintains a price target of $105.00 as NA market growth decelerates.

Analyst Bret Jordan commented, "While we believe CPS continues to push towards sustainable high single digit international margins, we believe plateauing US SAAR & challenging light truck production hurdles point to decelerating "core" segment growth through 2018. As such, we lower our '16 & '17 EPS ests. Given robust price performance YTD (+23% YTD vs. peers of -5%, S&P at +5%), we transition to a Hold rating as valuation appears "full". We maintain our PT of $105."

For an analyst ratings summary and ratings history on Cooper-Standard Holdings Inc. click here. For more ratings news on Cooper-Standard Holdings Inc. click here.

Shares of Cooper-Standard Holdings Inc. closed at $95.31 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Downgrades

Related Entities

Jefferies & Co, Standard & Poor's

Add Your Comment